Emaar Properties was incepted in 1997 with the sole aim of establishing Dubai as a prominent trade centre in the world. The man behind Emaar success stories is none other than Mohamed Alabbar, one of the most powerful and enigmatic Arab in the Middle East. Since the time it started its operation, Dubai has seen a grand real estate bubble and Emaar was successful in capitalizing this era of Dubai’s history to etch its own name in the history of the world. Globally recognised as the builder of the world tallest building, Burj Khalifa, Emaar’s success story is much taller than that of the structure it built. Emaar today has emerged as the leader of innovative and integrated living concepts not only confined to the boundaries of United Arab Emirate or UAE but the throughout the entire Persian gulf. With such phenomenal success in the gulf, Emaar now looked over the horizon to countries like Lebanon, Syria, Morocco, Egypt, Jordan, Africa, USA, United Kingdom and Asian countries mainly Pakistan and India to replicate its success stories.

Today, Emaar has a strong hold in the Indian real estate with major developmental projects all across the country. It started its Indian operation with a joint venture in 2005 with one of the country’s leading real estate company MGF Development Limited. At that time, the FDI that Emaar brought into the real estate industry was a whooping 4 billion US $ and one of the largest in that sector. With its grand entry, Emaar MGF entity started consolidating its empire by building several residential complexes, villas and townships in various Indian cities like New Delhi, Haryana, Andhra Pradesh, Tamil Nadu etc. These development projects received phenomenal response in the Indian market and the name Emaar MGF became synonymous with luxury lifestyle and concepts. However, in 2011, Emaar Properties and Emaar MGF combined were accused of diluting public stake in a residential township project in Hyderabad. The Hyderabad land scam or Emaar MGF scam came under the spotlight as various celebrity and politician were roped in for investigation by CBI, the investigating state agency. Emaar MGF has extended all possible co-operations to the state agency to clear its name from the fiasco. The media also hyped up the Hyderabad land scam by christening it as Emaar MGF scam, and the real estate giant had to suffer much embarrassment for no fault of its own. And today, with no proof against its involvement in the Hyderabad land scam, Emaar sails through this tough waters with its reputation intact and continues its grand plans of changing the Indian skyline.

Leaving the allegations far behind, Emaar has unfolded its grand vision for the Indian real estate market. Besides residential complexes, it has started building numerous commercial complexes, business hubs, and technology parks. It is now looking to establish its name as a forerunner in the hospitality and retail sector with various lucrative projects in the pipeline. Rumours, allegations and false implication aside, Emaar continues to do what it does best, constructions, constructions and more constructions!

I am a freelance writer and enjoy writing small, informative articles on topics related to Real Estate, Travel, IT products for SME and sometimes about my experience with Hotels as well.

I am a freelance writer and enjoy writing small, informative articles on topics related to Real Estate, Travel, IT products for SME and sometimes about my experience with Hotels as well.

Author Bio: I am a freelance writer and enjoy writing small, informative articles on topics related to Real Estate, Travel, IT products for SME and sometimes about my experience with Hotels as well.

Category: Real Estate
Keywords: Hyderabad land scam, Emaar MGF scam